Things aren't looking good for HTC – stocks continue to plummet, reaching record low

Posted: , posted by Paul K.

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Things aren't looking good for HTC – stocks continue to plummet, reaching record low
This Wednesday, HTCs shares closed at their lowest point in the company's history on the Taiwan Stock Exchange. The fall measured at 5.79%, with individual stock price reaching $3.01 – the drop was caused by 25.41 million stocks being sold that day. This is the continuation of the company's downward spiral and, sadly, looking at its share value for 2015, one can see that it has dropped by 30% since the start of the year.

HTC did report "robust" sales for the first quarter of 2015, with the One M9 and new Desire series being in good demand in both the USA and Europe, but apparently – investor confidence in the company has not been restored one bit. The mass share-selling tails reports that the company has cut component orders down by 30% and plans to ship only 3.2 million units of its flagship this year. Apparently, the combination of the Snapdragon 810 overheating and throttling reports, poor camera, and a design that has only been slightly refreshed were not enough to put the One M9 on the map – especially in today's highly competitive market.

Earlier today, HTC announced a new smartphone – the HTC One ME – a mixture between the M9+ and E9+. A weird step, some might say, and one that doesn't seem like it will put a stop in the company's downward spiral. Still, let's see what HTC's plan is.


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